Canso Select Opportunities Corporation Announces Purchase of Shares From Canso Fund Management Ltd.

RICHMOND HILL, Ontario, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Canso Select Opportunities Corporation (TSX Venture: CSOC.A, CSOC.B) (the "Company" or "CSOC") is pleased to announce that it has agreed to purchase 70,000 Class A common shares of Lysander Funds Limited (the “Lysander Class A Shares”) from Canso Fund Management Ltd. (“CFM”) by issuing to CFM 2,440,239 Class B subordinate voting shares of the CSOC pursuant to a share purchase agreement dated October 17, 2022 (the "Transaction"). The consideration has an approximate value of $12.25 million. Following the Transaction, it is expected that CFM will hold approximately 68% of the Company’s outstanding Class B subordinate voting shares, which represents a voting position of 4.7%.

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